Starbucks Corporation $SBUX Holdings Lifted by Vantage Investment Partners LLC

Vantage Investment Partners LLC boosted its holdings in Starbucks Corporation (NASDAQ:SBUX) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,268 shares of the coffee company’s stock after acquiring an additional 500 shares during the quarter. Vantage Investment Partners LLC’s holdings in Starbucks were worth $12,944,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SBUX. Nuveen LLC bought a new position in shares of Starbucks in the first quarter valued at $1,379,619,000. Jennison Associates LLC acquired a new position in shares of Starbucks in the 1st quarter worth $817,759,000. Polen Capital Management LLC acquired a new stake in shares of Starbucks during the first quarter worth $503,539,000. Goldman Sachs Group Inc. raised its position in shares of Starbucks by 59.5% during the first quarter. Goldman Sachs Group Inc. now owns 9,623,282 shares of the coffee company’s stock worth $943,948,000 after purchasing an additional 3,589,537 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Starbucks by 22.3% during the first quarter. Wellington Management Group LLP now owns 19,414,472 shares of the coffee company’s stock valued at $1,904,366,000 after purchasing an additional 3,545,655 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.

Analyst Ratings Changes

SBUX has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Starbucks in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted their price target on shares of Starbucks from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. Barclays raised their price objective on shares of Starbucks from $106.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Zacks Research raised shares of Starbucks from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 1st. Finally, Loop Capital set a $165.00 target price on Starbucks in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Starbucks currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

Starbucks Stock Down 0.3%

Shares of SBUX stock opened at $86.42 on Monday. Starbucks Corporation has a 12 month low of $75.50 and a 12 month high of $117.46. The company has a market cap of $98.23 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 4.25 and a beta of 1.01. The business’s 50 day moving average is $87.56 and its two-hundred day moving average is $88.46.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Tuesday, July 29th. The coffee company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.14). The firm had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $9.29 billion. Starbucks had a negative return on equity of 36.23% and a net margin of 7.18%.Starbucks’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. As a group, equities analysts expect that Starbucks Corporation will post 2.99 EPS for the current fiscal year.

Starbucks Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.62 dividend. The ex-dividend date is Friday, November 14th. This is a boost from Starbucks’s previous quarterly dividend of $0.61. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.9%. Starbucks’s dividend payout ratio is presently 105.17%.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.